CHARITY REGISTRATION NUMBER: 1087965
## MOUNT VIEW PRE-SCHOOL
TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
MOUNT VIEW PRE-SCHOOL
## **CONTENTS**
||Page|
|---|---|
|Legal and administrative information|3|
|Trustees’ Report|4-5|
|Independent Examiners’ Report|6|
|Statement of financial activities|7|
|Balance Sheet|8|
|Notes to the Accounts|9-14|
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MOUNT VIEW PRE-SCHOOL
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**TRUSTEES:** K. Bird (Resigned July 2023) R. Simms, Chair (appointed July 2023) K. Nicholson T. Sheedy, Committee Z. Drew, Committee M. Black (appointed December 2022) H. Ashurst (appointed January 2023) T. Ennals (appointed 15 February 2023) N.Baker (appointed16 August 2023) R. Deering (appointed 15 November 2022, resigned 1 August 2023) **CHAIRTY NUMBER:** 1087965 **REGISTERED OFFICE:** Mount View Methodist Church Derbyshire Lane SHEFFIELD S8 8SG **BANKERS:** Metro Bank 58-64 Fargate SHEFFIELD S1 2HE
**INDEPENDENT EXAMINER:** Samantha Nicholson MAAT Nicholson & Co (Sheffield) Ltd Knowle House 4 Norfolk Park Road SHEFFIELD S2 3QE
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MOUNT VIEW PRE-SCHOOL
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023**
Report of the trustees for the year ending 31 August 2023.
The Trustees of Mount View Pre-school present their annual report for the year ended 31 August 2022 and confirm they comply with the requirements of the Charities Act 2011, the constitution and the Charities SORP (FRS 102).
The charity is governed by the constitution adopted on 17 March 2001.
## **Structure, governance and management**
The trustees, who served during the year were:
- K. Bird (Resigned July 2023)
- R. Simms, Chair (appointed July 2023)
- K. Nicholson
- T. Sheedy, Committee
- Z. Drew, Committee
- M. Black (appointed December 2022)
- H. Ashurst (appointed January 2023)
- T. Ennals (appointed 15 February 2023)
- N.Baker (appointed16 August 2023)
- R. Deering (appointed 15 November 2022, resigned 1 August 2023)
## **Review of activities and achievements**
The Management Committee have managed to maintain the number of parents and continue to support the management in their roles. New parents are joining yearly, and the committee has a very clear community spirit. Regular meetings are held, and we work together to keep the Pre-school sustainable. This has worked extremely well and has met the needs of the community, and we are able to continue to cover all costs of running the Pre-school. In Jan 2023 we started a breakfast Club to meet the parents’ childcare needs, this is extremely successful & is used by many families.
Parent relationships are continuing to strengthen by inviting them in to be involved in our activities & trips, holding regular coffee mornings, parent evenings & meetings.
Our links with church provide the children with extra craft activities and services are held at Harvest, Christmas & Easter. Messy Church is also successful to strengthen the links within the community. As a community, in October we collected donations of food to support our local food bank. We have a community clothing bank to support fundraising and donations are re-used or recycled recycle to protect our planet. The Pre-school also supports students in the community for their university & school work placements.
We are continuing with the work that Ofsted recommended for us to become an outstanding Preschool and have been focusing on improving outdoor play. In October 2023, the local Co-op choose us again as their fundraising cause. To continue working together in the community by supporting us with our ongoing outdoor play renovations & repairs.
This year we have celebrated Diwali, Harvest Festival, Christmas, Chinese New Year, World Book Day, St Patricks Day, Easter and The Kings Coronation with a party which has offered the children excellent learning opportunities. We learnt about culture, countries, traditions, food and music.
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MOUNT VIEW PRE-SCHOOL
We have been on trips to Graves Park & animals numerous times throughout the year, Sheffield Winter Gardens, Sheffield Central & Woodseats Library, Norton Lees Woodand Wellbeing Forest, Curious Town, Western Park Museum and went on a teddy bears picnic. We have also supported the local school parade.
We had visits from the Police, Fire Brigade, Paramedics, Say & play music time, Beasties Animal Encounter, the children got to hold and see a variety of reptiles & insects. This gave the children a varied curriculum and new experiences.
Our Christmas Nativity and Sports Day & Pre-school graduation was also a great success with many parents, grandparents & carers coming to watch the children. We ended the term with a Christmas party for the children, which consisted of party games, food, magic show and a visit from Father Christmas who brought all the children a present.
Fundraising this year has included Tabletop sale, Art Exhibition, book sales, cake sales, Christmas & Easter raffles and a summer fayre which provided us with money to repair the damage from adverse weather on our outdoor canopy. We also supported church to raise money for decorating the Hall. Pre-school continues to be popular and very busy; we are looking forward to the year ahead and Preschool will continue to be a big support to the families in the community.
## **Financial review**
The charity has made a surplus of £7,665 in the year. Unrestricted funds are showing a surplus of £9,634 and restricted funds are showing a deficit of £1,969 for the year. At the year end, the total fund balances were £100,556 of which £100,556 was unrestricted and £0 restricted.
## **Reserves and Financial Health**
The Trustees regularly review the finances, budgets and spend against budget together with a monthly cash flow analysis as part of the effective management of the pre-school.
Approved on behalf of the board of trustees, by:
## **R Simms**
## _R A Simms_
__________________ signed on 12/06/2024, 10:41:32 BST
Chair
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12/06/2024
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Date: _______________
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MOUNT VIEW PRE-SCHOOL
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
I report on the accounts of the charity for the year ended 31 August 2023, which are set out on pages 8 to 14.
## **Respective responsibilities of trustees and examiner**
The trustees, are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011, the 2011, Act and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- i. Examine the accounts under section 145 of the 2011 Act;
- ii. To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- iii. To state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity commission. An examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- a) Which gives me reasonable cause to believe that in any material respect the requirements:
- i. To keep accounting records in accordance with section 386 of the Companies Act 2006; and
- ii. To prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charites;
Have not been met; or
- b) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## _ZA
## signed on 12/06/2024, 12:12:59 BST **S Nicholson BA (Open) (Hons) FMAAT Nicholson & Co Accountancy**
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MOUNT VIEW PRE-SCHOOL
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023**
|N**otes**
**Unrestricted**
**funds**
**Restricted**
**funds**
£
£
**Incoming resources from generated**
**funds**
Grants and donations
2
3,976
100,401
Investment income
3
0
0
Incoming resource from charitable activities
4
25,004
0
**Total incoming resources**
28,980
100,401
**Resources expended**
Raising funds
0
0
Charitable activities
25,277
100,401
Other
1,984
0
**Total resources expended**
5
27,261
100,401
**Net income/(expenditure) for the year**
**Net movement in Funds**
1,719
0
Fund balances at brought forward
100,556
0
**Fund balances at carried forward**
102,275
0|**Total**
**2023**
**£**
**104,377**
**0**
**25,004**
**129,381**
**0**
**125,678**
**1,984**
**127,662**
**1,719**
**100,556**
**102,275**|Total
2022
£
113,467
0
12,837
126,304
0
116,655
1,984
118,639
7,665
100,556
100,556|
|---|---|---|
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MOUNT VIEW PRE-SCHOOL
## **BALANCE SHEET AS AT 31 AUGUST 2023**
|Notes
**FIXED ASSETS**
Tangible assets
9
**CURRENT ASSETS**
Debtors
10
Cash at bank and in hand
**LIABILITIES**
Creditors: Amounts falling
due within one year
11
Amounts falling due over
one year
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
**INCOME FUNDS**
Restricted funds
13
Unrestricted funds
**TOTAL CHARITY’ FUNDS**
16|2023
**4,674**
**4,674**
0
**122,763**
**122,763**
(25,162)
0
102,275
**102,275**
0
**102,275**
**102,275**|2022
0
**108,374**
**108,374**
(13,976)
0|**6,158**
**6,158**
100,556
**100,556**
0
**100,556**
**100,556**|
|---|---|---|---|
The financial statements have been prepared in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015).
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
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12/06/2024
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The accounts were approved by the Board on _____________________ and signed on its behalf by:
## _R A Simms_
___________________ signed on 12/06/2024, 10:41:32 BST **R Simms** Chair
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MOUNT VIEW PRE-SCHOOL
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023**
## 1. **ACCOUNTING POLICIES**
## **1.1 Charity Information**
The charities principal address is at Mount View Methodist Church, Derbyshire Lane, Sheffield, S8 8SG.
The principal business activity is pre-school.
## **1.2 Basis of preparation**
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'). The financial statements have been prepared on the historical cost basis except for the modification to a fair value basis for certain financial instruments as specified in the accounting policies below.
The financial statements are presented in Sterling (£)
## **1.3 Going Concern**
After reviewing the companies’ forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
## **1.4 Incoming resources**
Donations and grants received are allocated between restricted and unrestricted funds and between the difference types of incoming resources according to their nature. Grants for revenue expenditure and capital expenditure are recognised in the statement of financial activities on a receivable basis.
Other incoming resources, including investment income, are recognised in the statement of financial activities on a receivable basis.
## **1.5 Resources expended**
Resources expended are recognised in the year in which they are incurred and include irrecoverable VAT. Resources expended are allocated to heading within the statement of finance activities based on the actual purpose of the expenditure.
Charitable activities represent the direct costs incurred in the provision of the company’s services, and include all support costs.
Governance costs represent the cost of managing and administrating the company as a statutory vehicle
## **1.6 Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less its estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment - 15% straight line
Items of capital expenditure of less than £100 are not capitalised but are treated as revenue expenditure in the period in which the expenditure is incurred, however items costing less than £100 can be capitalised at the trustees’ discretion.
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MOUNT VIEW PRE-SCHOOL
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023**
## **1.7 Leasing and hire purchase commitments**
Rentals payable under operating leases are charged against income on a straight-line basis over the period of the lease.
## **1.8 Investments**
Fixed asset investments are stated at market value.
## **1.9 Pensions**
The charity operates a defined contributions scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme.
## **1.8 Accumulated funds**
Restricted funds are subject to specific conditions by donors as to how they may be used. The purpose and uses of the restricted funds are set out in the notes to the accounts.
## 2. **GRANTS AND DONATIONS**
|**Unrestricted**
Donations
**Restricted**
Nursery Grant
**NVESTMENT INCOME**
Interest receivable|Total
2023
£
3,976
**3,976**
100,401
**104,377**
**0**|Total
2022
£
1,152
**1,152**
112,315
**112,315**
0|
|---|---|---|
## 3. **INVESTMENT INCOME**
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MOUNT VIEW PRE-SCHOOL
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023**
## 4. **INCOMING RESOURCES FROM CHARITABLE ACTIVITIES**
|Unrestricted
funds
Restricted
funds
Total
2023
£
£
£
Charitable activities
**25,004**
**100,401**
**125,405**
luded within income relating to charitable activities are the following grants
Total
2023
£
**Unrestricted**
Snack, shop sales
3,609
Misc sales
685
Trips and sports days
577
Fees from parents
20,133
**25,004**
**Restricted**
Nursery Grant
100,401
0
**125,405**|Total
2022
£
125,512
Total
2022
£
2,150
418
85
10,184
**12,837**
112,315
0
**125,512**|
|---|---|
Included within income relating to charitable activities are the following grants
## 5. **TOTAL RESOURCES EXPENDED**
|**Charitable activities**
Charitable activities
Activities undertake directly
Grant funding of activities
Total
**Other costs**
Total|Staff
costs
Depreciation
£
£
99,305
0
**-**
**99,305**
**0**
**1,484**
**99,305**
**1,484**|Other
costs
£
26,373
**-**
**26,373**
**500**
**26,873**|Total
2023
£
125,678
**- **
**-**
**125,678**
**1,984**
**127,662**|Total
2022
£
116,655
**- **
**-**
**116,655**
**1,984**
**118,639**|
|---|---|---|---|---|
Other costs includes payments to the independent examiner of £500 for independent examination fees.
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MOUNT VIEW PRE-SCHOOL
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023**
## 6. **ACTIVITES UNDERTAKEN DIRECTLY**
|
Charitable activities expenses
Other costs relating to community activities
comprise:
Fundraising Costs
Establishment Costs
Repairs & Maintenance
Office Expenses
Printing, posting & stationery
Telephone & Broadband
Subscriptions and donations
Sundry and other costs
Cleaning
Bank Chargers|2023
£
3,233
0
11,394
7,979
2,423
143
434
0
632
135
0
26,373||2022
£
3,877
0
10,597
0
1,069
175
416
0
77
196
35
16,442|
|---|---|---|---|
|||||
## 7. **TRUSTEES**
During the year one trustee received remuneration of £21,304 from the charity, as they are employed by the charity and are only listed as a trustee due to requirements of Ofsted.
## 8. **EMPLOYEES**
|
**Number of employees**
The average monthly number of employees during
the year was:
Charity employees
Trustees
Volunteers
**Employment costs**
Wages and salaries
Social security costs
Other pension costs
Other Staffing costs(including staff training)|2023
£
9
10
0
19
90,684
5,599
2,869
153
99,305|2022
£
9
7
0
16
89,828
6,900
2,821
663
100,213|
|---|---|---|
There were no employees whose annual remuneration was £60,000 or more.
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MOUNT VIEW PRE-SCHOOL
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023**
## 9. **TANGIBLE FIXED ASSETS**
|||||**Fixtures,**|
|---|---|---|---|---|
|||||**fittings &**|
|||||**equipment**|
|||||£|
||**Cost**||||
||At beginning of year|||9,891|
||Additions|||0|
||**At End of year**|||9,891|
||**Depreciation**||||
||At beginning of year|||3,733|
||Charge for the year|||1,484|
||**At End of year**|||5,217|
||**Net book value**||||
||**At End of year**|||4,674|
||At beginning of year|||6,158|
|10.|**DEBTORS**||||
|||2023||2022|
||||£|£|
||Trade debtors||0|0|
||Amounts owed by group undertakings||0|0|
||||0|0|
|11.|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
|||2023||2022|
||||£|£|
||Trade creditors||0|0|
||Loans||0|0|
||Taxes and social security costs||0|0|
||Other creditors||0|0|
||Accruals||500|500|
||Deferred Income|24,662||13,476|
|||25,162||13,976|
## 12. **PENSION AND OTHER POST-RETIREMENT BENEFITS COMMITMENTS DEFINED CONTRIBUTION**
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represent contributions payable by the company to the fund.
|
Contributions payable by the company for the year|2023
£
2,869|2022
£
2,821|
|---|---|---|
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MOUNT VIEW PRE-SCHOOL
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023**
## 13. **RESTRICTED FUNDS**
The income funds of charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purpose:
||Balance at|Incoming|Resources|Balances|
|---|---|---|---|---|
||beginning|resources|expended|at end of|
||of year|||year|
||£|£|£|£|
|Nursery Grant|0|100,401|100,401|0|
||0|0|0|0|
||0|100,401|100,401|0|
All restricted funds have sufficient resources that they may be applied in accordance with the restrictions.
## 14. **COMMITMENTS UNDER OPERATING LEASES**
At the year end the company has no annual commitments under non-cancellable operating leases.
## 15. **RELATED PARTIES**
There are no related parties
## 16. **SUMMARY OF FUND MOVEMENT**
|Unrestricted funds
Donations
Restricted:
Nursery Grant|Balance
brought
forward
£
97,123
3,433
0
100,556|Income Expenditure
£
£
25,004
27,261
3,976
0
100,401
100,401
129,381
127,662|Balance
carried
forward
£
94,866
7,409
0
102,275|
|---|---|---|---|
14
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## **`Signatures`**
## **`rachelamuk@yahoo.co.uk`**
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12/06/2024, 10:41:32 BST
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## **`info@nicholsonandco.co.uk`**
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